Euro Dropped Against the Dollar Today After Weak Eurozone Data

At 15:00 Beirut time, the Euro was quoted at €/$ 1.1209, the equivalent of €/LBP 1,689.76, depreciating by 0.12% against the US Dollar. The euro fell against the dollar today as data showed manufacturing and services growth weakened in the Eurozone, supporting the European Central Bank’s monetary policy easing.

Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.14% downtick to 166.88 points today.

Euro Dropped Against the Dollar Today After Weak Eurozone Data

Date: 23 May 2016
 

 

 

 

 

 

 

 

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